Manba Finance Ltd (MANBA) fair value: what the stock is really worth
As of Oct 1, 2026: fair value of Manba Finance Ltd ₹63.00, price ₹139, upside -54.7%, quality 41 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 27, 2026.
How to read this chart
24‑month range ₹100.32 – ₹187.91 · fair‑value band ₹60.36 – ₹71.03 · the ₹139.01 price screens above the ₹63.00 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 27, 2026.
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Manba Finance Limited, a non-banking finance company, provides financial solutions in India. The company offers new two and three-wheeler, electric vehicle two and three-wheeler, and pre-owned two-wheeler and car loans. It also provides personal and small business loans. The company was incorporated in 1996 and is headquartered in Mumbai, India.
Stock analysis
Manba Finance Ltd (MANBA) currently trades at ₹139.01, while our model-based Fair Value estimate is ₹63.00, 54.7% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Earnings-Based group reads highest at a median of ₹312.01 per share, and 2 of the 8 models we run sit above the ₹139.01 price.
Bear case: the Dividend Discount group reads lowest at ₹11.07, and 6 of the 8 models stay below the price. Evidence for this calculation is high.
Scenario range: ₹60.36 (bear) to ₹71.03 (bull), the price of ₹139.01 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 41/100 (below-average quality), in the Financial Services sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Manba Finance Ltd reported revenue of ₹3.1B in FY2026 versus ₹940M in FY2022, a compound +35.1%/yr. Reported net income was ₹454M in FY2026, compounding +46.9%/yr from FY2022. FY2022 was a trough year, so the rate overstates the trend.
Key figures
Market cap ₹7.0B (≈ $72.5M) · P/E ratio 15.4 · P/S ratio 2.23 · EPS (TTM) ₹9.03 · Dividend yield 0.7% · Net margin 14.5% · Return on equity 11.7% · Return on assets (EBIT) 4.5%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 32 out of 100 (medium confidence).
What moves the price
The share trades about 5% below its 52-week high and 39% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at 10% fair-value upside, at −55%, MANBA screens richer than that median.
Fair Value models
Bear ₹60.36Fair Value ₹63.00Bull ₹71.03
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2026 figures (about 6 months old). Earnings retained since then (₹4.05 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+32.3%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+35.9%
’22
’23
’24
’25
’26
What shareholders gained per year (last 5 years), in INR ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Measured in INR: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Credit Services · 331 stocks
Beats the industry median on 4/13 measures
Overall it trails its industry peers.
Valuation
Quality Score41 · Bottom 25%
Fair Value upside−54.7% · Bottom 25%
Profitability
Return on equity (TTM)11.7% · Above median
Return on assets2.6% · Above median
Net margin (TTM)32.6% · Above median
Operating margin (TTM)41.2% · Above median
Growth and dividend
Revenue growth−3.4% · Below median
Dividend yield (TTM)0.7% · Bottom 25%
Balance sheet
Debt / equity3.78× · Highest 25%
Valuation Multiplesvs Credit Services median · lower = cheaper
P/E (TTM)15.4× · Pricier than median
P/B1.70× · Pricier than median
P/S (TTM)5.02× · Pricier than median
EV/EBITDA23.3× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 49
FUTURE (revenue growth)0· sector 46
PAST (return on equity)47· sector 32
HEALTH (low debt)0· sector 59
DIVIDEND (yield)14· sector 65
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Is Manba Finance Ltd (MANBA) overvalued or undervalued?
As of Sep 27, 2026, our model estimates a fair value of ₹63.00 versus a price of ₹139.01, about −55% upside (overvalued).
What is the fair value of MANBA?
Our model-based fair value for Manba Finance Ltd is ₹63.00 (as of Sep 27, 2026), built from audited fundamentals. The current price: ₹139.01.
What is the quality score of MANBA?
Manba Finance Ltd has a Quality Score of 41/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Manba Finance Ltd (MANBA)?
Our model-based price target is the fair value of ₹63.00 (as of Sep 27, 2026) from 9 valuation models. Cautious scenario ₹60.36, optimistic scenario ₹71.03. It is a calculation from audited fundamentals, not an analyst target.
What is the Manba Finance Ltd stock forecast for 2026?
Our models put fair value at ₹63.00, about −55% upside versus a price of ₹139.01 (overvalued). Cautious scenario ₹60.36, optimistic scenario ₹71.03. The calculation is refreshed regularly with new filings.
What is the revenue of Manba Finance Ltd (MANBA)?
Manba Finance Ltd reported trailing-twelve-month revenue of about ₹1.4B (latest available figure, as of Sep 27, 2026).
Does Manba Finance Ltd pay a dividend?
Manba Finance Ltd currently shows a dividend yield of about 0.72% relative to its recent price (as of Sep 27, 2026).
What is the intrinsic value of Manba Finance Ltd (MANBA)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Manba Finance Ltd it is ₹63.00 per share (as of Sep 27, 2026), against a price of ₹139.01. It is the blended result of 9 valuation models (cash flow, earnings, asset, dividend).
Is Manba Finance Ltd stock overvalued or undervalued in 2026?
As of Sep 27, 2026, MANBA trades above its calculated fair value: price ₹139.01, fair value ₹63.00, a gap of about −55% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of MANBA?
No. The price is what the market pays today (₹139.01); the fair value is what the company's own numbers justify (₹63.00). For Manba Finance Ltd the two are ₹76.01 per share apart. That gap is exactly why we show both numbers side by side.
How much is Manba Finance Ltd worth?
The market values Manba Finance Ltd at about ₹7.0B (market capitalisation, as of Sep 27, 2026). Per share that is ₹139.01; our models calculate a fair value of ₹63.00 per share.
What do the bullish and bearish scenarios say about MANBA?
Our models span a range for Manba Finance Ltd: cautious scenario ₹60.36, base ₹63.00, optimistic ₹71.03 per share (as of Sep 27, 2026, price ₹139.01). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of MANBA?
Manba Finance Ltd trades at a price-to-earnings ratio of 15.4 (as of Sep 27, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ₹63.00 is built from several models across several years. Other multiples: P/B 1.7, P/S 5.0, EV/EBITDA 23.3.
How solid is the balance sheet of Manba Finance Ltd (MANBA)?
Balance-sheet figures for Manba Finance Ltd (as of Sep 27, 2026): return on equity 11.7%, debt of 3.78 per unit of equity. They feed the Quality Score of 41/100, which measures business quality independently of the share price.
How far is MANBA from its 52-week high?
Manba Finance Ltd trades at ₹139.01, about 5% below its 52-week high of ₹146.10 and 39% above the low of ₹100.32 (as of Oct 1, 2026). Distance from the high says nothing about value: that is what the fair value of ₹63.00 is for.
Which stocks are comparable to Manba Finance Ltd?
From the same area (Financial Services) we also value Visa Inc, Mastercard Incorporated, American Express Company, Capital One Financial Corporation, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Manba Finance Ltd stock attractive at the current price?
The data as of Sep 27, 2026: price ₹139.01, calculated fair value ₹63.00 (−55%), Quality Score 41/100, from 9 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of MANBA calculated?
We run Manba Finance Ltd through 9 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of ₹63.00, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.5 % above its aggregate fair value. Manba Finance Ltd itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Manba Finance Ltd (MANBA)?
The closing price on Oct 1, 2026 was ₹139.01. Our model-based fair value is ₹63.00, about −55% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Manba Finance Ltd right now?
The price sits above even our optimistic bull case (₹71.03). The favourable scenario is already priced in. Weak quality (41/100) and above fair value at the same time, the margin of safety is missing on both counts. For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Key figures of Manba Finance Ltd
How large is the market capitalisation of Manba Finance Ltd (MANBA)?
The market capitalisation of Manba Finance Ltd is ₹7.0B (≈ $72.5M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Manba Finance Ltd (MANBA)?
The price-to-sales ratio of Manba Finance Ltd is 2.23 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Manba Finance Ltd (MANBA)?
Earnings per share at Manba Finance Ltd are ₹9.03 (price ÷ EPS = P/E 15.4). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Manba Finance Ltd (MANBA)?
The dividend yield of Manba Finance Ltd is 0.7% (payout 11.1%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Manba Finance Ltd (MANBA)?
The net margin of Manba Finance Ltd is 14.5% (fiscal year 2026). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Manba Finance Ltd (MANBA)?
The return on equity (ROE) of Manba Finance Ltd is 11.7% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Manba Finance Ltd (MANBA)?
On an EBIT basis the return on assets of Manba Finance Ltd is 4.5% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Manba Finance Ltd (MANBA)?
The operating margin of Manba Finance Ltd is 41.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Manba Finance Ltd (MANBA)?
Revenue at Manba Finance Ltd is growing −3.4% versus a year earlier (3y avg +35.9%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Manba Finance Ltd (MANBA)?
Earnings per share at Manba Finance Ltd are growing +38.5% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Manba Finance Ltd (MANBA) generate?
The free cash flow of Manba Finance Ltd is −₹3.8B (fiscal year 2026). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Manba Finance Ltd (MANBA) carry?
The net debt of Manba Finance Ltd is ₹13.8B (fiscal year 2026). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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